Burlington Stores (BURL) reported earnings on Thur 29 Aug 2019 (b/o)

** charts after earnings **

 

Burlington Stores beats by $0.22, beats on revs; guides Q3 EPS above consensus, revs in-line; guides FY20 EPS above consensus, revs in-line

Reports Q2 (Jul) earnings of $1.36 per share, $0.22 better than the S&P Capital IQ Consensus of $1.14; revenues rose 10.1% year/year to $1.66 bln vs the $1.64 bln S&P Capital IQ Consensus.

• Q2 comparable store sales increased 3.8%

Co issues guidancefor Q3, sees EPS of $1.37-1.41 vs. $1.33 S&P Capital IQ Consensus; sees Q3 revs of +8.5-9.5% to $1.78-1.80 bln vs. $1.79 bln S&P Capital IQ Consensus.

• Comparable store sales to increase 2% to 3%

Co issues guidancefor FY20, sees EPS of $7.14-7.22 vs. $6.99 S&P Capital IQ Consensus; sees FY20 revs of +8.8-9.3% to ~$7.2-7.3 bln vs. $7.26 bln S&P Capital IQ Consensus.

• This assumes comparable store sales to increase in the range of 2% to 3% for the third and fourth quarters of Fiscal 2019, resulting in a full year comparable store sales increase of 2.0% to 2.5% on top of the 3.2% increase during Fiscal 2018

Earnings this week : Aug 26 - 30, 19 (wk 35)

Notable earnings reports:

• Autodesk (NASDAQ:ADSK), J.M. Smucker (NYSE:SJM) and Hewlett Packard Enterprise (NYSE:HPE) on August 27; 
• Box (NYSE:BOX), Five Below (NASDAQ:FIVE), Tiffany (NYSE:TIF), Williams-Sonoma (NYSE:WSM) and H&R Block (NYSE:HRB) on August 28; 
• Abercrombie & Fitch (NYSE:ANF), Best Buy (NYSE:BBY), Dell Technologies (NYSE:DELL), Dollar General (NYSE:DG), Workday (NASDAQ:WDAY), Marvell Technologies (NASDAQ:MRVL) and Dollar Tree (NASDAQ:DLTR) on August 29; 
• Campbell Soup (NYSE:CPB) and JinkoSolar (NYSE:JKS) on August 30.

****

• Tue 8/27 afternoon: ADSK HEI HPE LCI OOMA PAHC PSEC VEEV
• Wed 8/28 morning: BF.B CHS COTY DAKT DY EXPR MOV TIF
• Wed 8/28 afternoon: BOX ESTC FIVE GEF GES HRB MTRX NTNX OKTA OLLI PVH SCVL SMTC SPWH TLYS WSM ZUO
• ---
• Thur 8/29 morning: ANF BBY BURL DBI DG DLTR GMS HAIN MBUU MEI PDCO SAFM SY TD TECD TITN
• Thur 8/29 afternoon: AMBA AOBC COO DELL MRVL ULTA WDAY YEXT
• ------
• Fri 8/30 afternoon: BIG CPB JKS LX

BURL — is it a buy?

• Sept 26: #15; Is BURL a buy? 

• 3 weeks later: NO

Burlington Stores (BURL) reported earnings on Thur 31 May 2018 (b/o)

** charts before earnings **

 

** charts after earnings **

 

Burlington Stores beats by $0.17, beats on revs; raises 19 EPS 

• Reports Q1 (Apr) earnings of $1.26 per share, $0.17 better than the Capital IQ Consensus of $1.09; revenues rose 12.3% year/year to $1.52 bln vs the $1.49 bln Capital IQ Consensus.
• Co issues in-line guidance for Q2, sees EPS of $0.91-0.95 vs. $0.93 Capital IQ Consensus Estimate.
  • Q2 - Total sales to increase in the range of 8% to 9%; Shifted comparable store sales for the 13 weeks ended August 4, 2018 compared to the 13 weeks ended August 5, 2017 to increase in the range of 2% to 3% on top of a 3.5% increase during the second quarter of Fiscal 2017
• Co raises guidance for FY19, sees EPS of $5.90-6.00 vs. $5.85 Capital IQ Consensus Estimate, and compares to the previous outlook for Adjusted EPS of $5.73-$5.83
  • Total sales to increase in the range of 9.7% to 10.5%, excluding the 53rd week impact in 2017; this assumes shifted comparable store sales to increase in the range of 2% to 3% for the balance of Fiscal 2018, resulting in a full year shifted comparable store sales increase of 2.6% to 3.4% on top of the 3.4% increase during Fiscal 2017

Burlington Stores (BURL) reported earnings on Thur 8 March 2018 (b/o)

** charts before earnings **

 

** charts after earnings **

Burlington Stores beats by $0.08, beats on revs; guides FY19 EPS above consensus, revs above consensus 

• Reports Q4 (Jan) earnings of $2.17 per share, $0.08 better than the Capital IQ Consensus of $2.09; revenues rose 14.9% year/year to $1.94 bln vs the $1.89 bln Capital IQ Consensus.
  • Net income on a 14 week basis increased 92% over the prior year period to $241 million, or $3.47 per share vs. $1.77 last year; this result included $0.04 in EPS from the 14th week. 
  • Comparable store sales increased 5.9%
• Co issues upside guidance for FY19, sees EPS of $5.73-5.83, excluding non-recurring items, vs. $5.28 Capital IQ Consensus Estimate; sees FY19 revs of $6.63-6.69 bln vs. $6.45 bln Capital IQ Consensus Estimate.
  • Comparable store sales to increase in the range of 2% to 3% on top of last year's 3.4% increase
  • To open 35 to 40 net new stores, and invest Net Capital Expenditures of approximately $250 million

This week's biggest % winners & losers: Nov 21 - 25, 2016 (wk 47)

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Materials:CLF (9.88 +33.27%),HBM (7 +22.81%),PPP (0.91 +19.05%),HW (23.71 +18.02%),AKS (9.38 +17.79%),FCX (15.99 +16.46%),VALE (8.43 +16.44%),SID (3.72 +16.09%),TMST (15.67 +15.22%),
• Industrials:IIIN (42.14 +25.8%),DE (104.24 +13.36%),GFF (24.15 +13.11%),
• Consumer Discretionary:KNDI (4.7 +28.77%),CAL (33.03 +19.16%),LOCK (23.97 +15.49%),BURL (88.71 +13.82%),
• Information Technology:SFUN (3.44 +20.28%),AMCC (8.45 +16.55%),
• Financials:FNBC (7.38 +17.06%),LFC (14.61 +13.83%),

This week's top 20 % losers

• Healthcare: JUNO (22.77 -23.92%),CXRX (2.52 -23.45%),HRTX (15.6 -17.89%),PDLI (2.54 -16.61%),PDCO (38.92 -16.28%),SGMO (3.47 -13.36%),QHC (6.13 -12.18%),NVCR (8.75 -12.06%),MNKD (0.56 -10.08%),LLY (69 -10%),
• Industrials:DY (75.54 -17.72%),
• Consumer Discretionary:VIPS (12.03 -12.03%),URBN (33.63 -10.36%),
• Information Technology:NMBL (7.74 -16.83%),PANW (141.31 -12.42%),
• Energy:ENBL (14.62 -10.2%),ETP (35.36 -10.19%),
• Consumer Staples:CVGW (56.55 -12.93%),TSN (59.56 -11.58%),
• Utilities:FGP (6.51 -13.2%),

Burlington Stores (BURL) reported earnings on Tue 11/22/16 (b/o)

** charts before earnings **

** charts after earnings **

 

Burlington Stores beats by $0.18, beats on revs; guides Q4 EPS below consensus; rev in-line :

• Reports Q3 (Oct) earnings of $0.51 per share, $0.18 better than the Capital IQ Consensus of $0.33; revenues rose 9.1% year/year to $1.34 bln vs the $1.32 bln Capital IQ Consensus.
  • Comparable store sales increased 3.7% vs. +2.5-3.5% guidance.
  • Comparable store inventory decreased 8% and turnover improved 12%
• Co issues guidance for Q4, sees EPS of $1.63-1.67 vs. $1.70 Capital IQ Consensus Estimate; Net sales to increase in the range of 6.6% to 7.6%, in-line with consensus expectations for +7%; Comparable store sales to increase in the range of 2.5% to 3.5%.
• Co issues guidance for FY17, sees EPS of $3.11-3.15 vs. $2.98 Capital IQ Consensus Estimate; Net sales to increase in the range of 8.4% to 8.7%, compared to consensus expectations for +8%; Comparable store sales to increase in the range of 3.9% to 4.2%;
• "We are very pleased with our third quarter results, which exceeded our sales and earnings guidance, continuing our strong momentum from the first half of the year. Our ability to execute our off-price model by delivering fresh product, compelling value, and sought after brands continues to serve us well. In the quarter, we delivered our 15th consecutive quarter of positive comparable store sales. I would like to thank all of our associates for their contributions to our third quarter and year to date results."

Great trade : Burlington Stores (BURL) (11/15) +20%

Just before earnings on 11/14